ESCO Technologies Inc. (ESE) Position Boosted by Crawford Investment Counsel Inc.
Crawford Investment Counsel Inc. raised its stake in shares of ESCO Technologies Inc. (NYSE:ESE) by 4.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 143,336 shares of the scientific and technical instruments company’s stock after buying an additional 5,447 shares during the period. Crawford Investment Counsel Inc. owned about 0.55% of ESCO Technologies worth $8,550,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of ESE. BlackRock Inc. raised its position in ESCO Technologies by 46,624.3% in the first quarter. BlackRock Inc. now owns 3,078,663 shares of the scientific and technical instruments company’s stock valued at $178,871,000 after buying an additional 3,072,074 shares in the last quarter. Conestoga Capital Advisors LLC raised its position in ESCO Technologies by 212.8% in the second quarter. Conestoga Capital Advisors LLC now owns 465,779 shares of the scientific and technical instruments company’s stock valued at $27,784,000 after buying an additional 316,885 shares in the last quarter. Vanguard Group Inc. raised its position in ESCO Technologies by 5.9% in the first quarter. Vanguard Group Inc. now owns 2,238,580 shares of the scientific and technical instruments company’s stock valued at $130,062,000 after buying an additional 124,629 shares in the last quarter. Pier Capital LLC purchased a new position in ESCO Technologies during the first quarter valued at $6,224,000. Finally, Bank of New York Mellon Corp raised its position in ESCO Technologies by 30.6% in the first quarter. Bank of New York Mellon Corp now owns 441,419 shares of the scientific and technical instruments company’s stock valued at $25,647,000 after buying an additional 103,472 shares in the last quarter. Institutional investors own 94.10% of the company’s stock.
ESCO Technologies Inc. (NYSE:ESE) opened at 53.40 on Wednesday. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 26.97 and a beta of 1.01. The stock has a 50 day moving average price of $58.50 and a 200 day moving average price of $57.62. ESCO Technologies Inc. has a 1-year low of $42.95 and a 1-year high of $63.80.
ESCO Technologies (NYSE:ESE) last announced its quarterly earnings results on Tuesday, August 8th. The scientific and technical instruments company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The firm had revenue of $172 million for the quarter, compared to the consensus estimate of $172 million. ESCO Technologies had a return on equity of 8.36% and a net margin of 8.06%. The business’s revenue was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 earnings per share. Analysts predict that ESCO Technologies Inc. will post $2.08 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Shareholders of record on Tuesday, October 3rd will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Monday, October 2nd. ESCO Technologies’s dividend payout ratio (DPR) is presently 16.16%.
Several equities analysts have recently weighed in on the company. BidaskClub lowered ESCO Technologies from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Wunderlich assumed coverage on ESCO Technologies in a research note on Tuesday, June 13th. They issued a “buy” rating and a $71.00 price objective on the stock. Finally, FBR & Co reaffirmed an “outperform” rating on shares of ESCO Technologies in a research note on Tuesday, July 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $66.50.
ESCO Technologies Company Profile
ESCO Technologies Inc (ESCO) is a producer of engineered products and systems sold to customers for utility, industrial, aerospace and commercial applications. The Company operates through four segments: Filtration/Fluid Flow (Filtration), RF Shielding and Test (Test), Utility Solutions Group (USG) and Technical Packaging.
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